Prevailing wisdom on “pay what you want”(PWYW) pricing focuses on the influence of altruism or fairness on consumers' payments. In this paper, we offer a different perspective …
W Kets - Journal of Economic Surveys, 2012 - Wiley Online Library
This paper gives a critical account of the literature on adaptive behaviour in the minority game, a simple congestion game. The literature has proposed a model which differs …
It is increasingly common for algorithms rather than people to take complex decisions. Many of those algorithms are however written by people and the information available to them …
Strategic thinking, best-response, and mutual consistency (equilibrium) are three key modeling principles in non-cooperative game theory. Camerer, Ho and Chong (2004) relax …
V Mak, R Zwick, AR Rao - University of Cambridge, Cambridge, UK, 2010 - Citeseer
Prevailing wisdom in the literature suggests that the success of a “pay what you want”(PWYW) pricing strategy depends on consumers' altruistic inclinations, sense of fair …
This work presents experimental results on a coordination game in which agents must repeatedly choose between two sides, and a positive fixed payoff is assigned only to agents …
We introduce a framework to analyze the interaction of boundedly rational heterogeneous agents repeatedly playing a participation game with negative feedback. We assume that …
This work studies the properties of a coordination game in which agents repeatedly compete to be in the population minority. The game reflects some essential features of those …
W Kets - arXiv preprint arXiv:0706.4432, 2007 - arxiv.org
This paper gives a critical account of the minority game literature. The minority game is a simple congestion game: players need to choose between two options, and those who have …